CDIB Capital Global Opportunities Fund Announces First Close at US$116 MillionHong Kong, September 14, 2018
CDIB Capital International Corporation (“CDIB Capital”), the private equity arm of China Development Financial Holding Corporation (“CDF”), is pleased to announce a strong first close of the CDIB Capital Global Opportunities Fund L.P (the “Fund”) with US$116 million of committed capital, already exceeding its US$100 million target.
The Fund received solid backing from high net worth individuals and family offices as well as leading Taiwanese financial institutions, including Taiwan Life, Yuanta Life, Cathay Life, TransGlobe Life, Shin Kong Life, and CDF-affiliated China Life, underlining CDIB Capital’s long-term track record in private equity investing.
The Global Opportunities Fund is opportunistic in nature and has a flexible mandate across instruments, capital structure and investment stages. Within the mandate, the Fund focuses on compelling themes to capture market inefficiencies, category leaders in niche markets, and structured, asymmetric return profiles. Given the nature of the strategy, the Fund evaluates investments across a wide range of industries and sectors. The Fund’s geographical focus lies in developed markets, primarily in North America as well as Asia-Pacific on a selective basis and to a lesser extent Western Europe.
CDIB Capital launched the Fund as a continuation of its successful balance sheet investment strategy over the past ten years. In the present environment with private and public markets at elevated levels, the Fund offers a unique and nimble strategy well suited to capturing attractive risk-adjusted returns.
The Fund will be managed by Lionel de Saint-Exupéry, Chairman and CEO of CDIB Capital, and Pietro Cinquegrana, Managing Director based in New York.
“We are excited to receive the recognition and support from blue-chip financial institutions, who understand and value the tailored opportunistic strategy and risk-adjusted returns we are able to offer. We believe in the nimble and flexible value proposition of the Global Opportunities Fund, especially in anticipation of potentially challenging times ahead” said Lionel de Saint-Exupéry. “The Fund is well positioned to execute on this strategy, leveraging the full breadth of networks and resources of CDIB Capital and the CDF platform.”
Pietro Cinquegrana added “We believe the Fund’s flexible and opportunistic approach will allow us to gravitate toward the most attractive investments from a risk-adjusted standpoint, and which may change throughout the investment period. We see the ability to invest across the capital structure and geographies, different corporate stages and investment types, as a key advantage for our investors. We hope to be able to capitalize on the Fund’s broad opportunity set across economic cycles and private markets conditions.”
About CDIB Capital
CDIB Capital is a leading Asian private equity investor with more than US$1.2 billion in proprietary and third-party capital under management from a variety of institutional investors, including family offices, sovereign wealth funds, pension funds, and financial institutions. We are an independently-managed private equity arm of China Development Financial (“CDF”), one of the largest and most established merchant banking groups in Greater China with over US$80 billion in assets.
CDIB Capital is headquartered in Hong Kong and has offices in Shanghai, Taiwan, Seoul and New York. For more information, please visit our website at www.cdibcapital.com.